MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in commercial fleet
management, dedicated
transportation, and supply
chain solutions, today announced the launch of a new preventive
maintenance program available to its Pre-Owned
Vehicle purchasers. The offering expands Ryder’s leadership in
providing customers with the most flexibility, choice, and control in
fleet management. With this latest offering, customers will now have the
added flexibility to finance or prepay for the preventive maintenance
service that they select when they purchase a Ryder pre-owned vehicle.

With preventive maintenance, Ryder’s pre-owned vehicle purchasers can
select from a variety of Ryder SelectCare Preventive Maintenance
packages that can range from one to three years at the time of vehicle
purchase. The Ryder pre-owned vehicle can be scheduled for up to four
preventive maintenance appointments a year, giving the customer access
to Ryder’s network of 800 service facilities and 5,900 certified
technicians. Customers can choose to prepay or finance the preventive
maintenance package along with the purchase of their Ryder pre-owned
vehicle. Attractive financing options are offered through Ryder’s well
established relationships with third-party financing providers.

By selecting preventive maintenance services, Ryder pre-owned vehicle
purchasers can not only increase the uptime of the vehicle, but they can
also secure economical pricing for the full term of the package. In
addition, customers receive discounted pricing for any necessary
repairs, parts, and tires that may be outside of the agreed to
preventive maintenance services.

“Recent customer interactions, market research, and conversations with
private fleet owners and other pre-owned vehicle sales prospects have
shown that maintenance services packaged with convenient financing
options are in great demand as a value-added service,” said Dennis
Cooke, President, Global Fleet Management Solutions for Ryder. “Our
customers recognize the value that comes from our inventory of quality
pre-owned commercial vehicles, many of which come with a complete
maintenance history of service by Ryder. The new preventive maintenance
option provides agility and customization for customers that want
greater control, uptime, and a simpler way to finance the maintenance of
their fleets. We’re listening to the marketplace and offering customers
the unique opportunity to do business with Ryder on their terms.”

Ryder has the largest retail network of pre-owned vehicles for sale in
North America with 59 locations, selling more than 18,000 vehicles a
year. In addition, Ryder’s international sales/export team helps
customers in locations from Africa, Asia, Europe, the Caribbean, and
Central and South America, get the vehicles they need to keep their
businesses in high gear. Ryder’s pre-owned vehicle inventory includes
commercial and heavy-duty trucks consisting of tractors, trailers,
straight trucks, panel and cube vans, refrigerated trucks, stake trucks,
and more.

Vehicles that are Ryder CertifiedTM have been owned and
maintained by solely Ryder for their entire operating life and come with
a 30-day warranty and a complete vehicle maintenance history report.
Ryder also offers Ryder VerifiedTM pre-owned commercial
vehicles where customers can build their fleet with a fully Department
of Transportation compliant vehicle at a cost that works for them. With
Ryder ReclassifiedTM, customers can search through an
inventory of “As-is,” damaged, and scrap vehicles for a fixer-upper
option, or to utilize the parts, allowing the flexibility to fit their
specific business needs.

For more information visit the Ryder Pre-Owned
Vehicle™ website, or contact your local Ryder Pre-Owned Vehicle
Sales location at 1-800-USED-TRK.

About Ryder

Ryder is a FORTUNE 500® commercial fleet management, dedicated
transportation, and supply chain solutions company. Ryder’s stock
(NYSE:R) is a component of the Dow Jones Transportation Average and the
S&P MidCap 400® index. Ryder has been named among FORTUNE’s
World’s Most Admired Companies, and has been recognized for its
industry-leading practices in third-party logistics,
environmentally-friendly fleet and supply chain solutions, and
world-class safety and security programs. The Company is a proud member
of the American Red Cross Disaster Responder Program, supporting
national and local disaster preparedness and response efforts. For more
information, visit www.ryder.com,
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Note Regarding Forward-Looking Statements:Certain statements
and information included in this news releaseare
"forward-looking statements" within the meaning of the Federal Private
Securities Litigation Reform Act of 1995.These forward-looking
statements are based on our current plans and expectations and are
subject to risks, uncertainties and assumptions.Accordingly,
these forward-looking statements should be evaluated with consideration
given to the many risks and uncertainties that could cause actual
results and events to differ materially from those in the
forward-looking statements including those risks set forth in our
periodic filings with the Securities and Exchange Commission.New
risks emerge from time to time.It is not possible for management
to predict all such risk factors or to assess the impact of such risks
on our business.Accordingly, we undertake no obligation to
publicly update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise.